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Eye of the beholder

17 February 2009 By Pierre Briancon

Years of doubledigit earnings growth at the cosmetics giant came to a brutal end in 2008. Sales plunged in the US and customers around the world turned away from highend products. Downbeat consumers are disproving the theory that everyday luxury goods are recessionproof.

This content is for Subscribers only

 

Eye of the beholder

17 February 2009 By Pierre Briancon

Years of doubledigit earnings growth at the cosmetics giant came to a brutal end in 2008. Sales plunged in the US and customers around the world turned away from highend products. Downbeat consumers are disproving the theory that everyday luxury goods are recessionproof.

This content is for Subscribers only

 

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